February 2018

Vale sees premium for Carajás iron ore at $14-15 per tonne in 2018

Vale’s Carajás-origin 65% Fe iron ore is expected to be sold in 2018 at a premium of $14-15 per tonne over its 62% Fe product, ferrous minerals and coal executive officer Peter Poppinga has said.

IRON ORE PRICES: Benchmark index drops below $79 per tonne cfr China

Iron ore prices slid below $79 per tonne cfr China on Wednesday February 28 amid sluggish demand for the steelmaking raw material in the seaborne market.

Grade differentials in iron ore reflect structural change, Vale says

Brazilian miner Vale views the gap between high- and low-grade iron ore as a “structural change that will continue to impact the market in the coming years,” it said on Tuesday February 27.

Steelmaking Raw Materials Trade Log, February 28, 2018

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

Offers continue to outnumber bids in seaborne iron ore market

The seaborne iron ore market softened on Wednesday February 28 with few bids made in response to the large number of offers, most of them from traders.

China AM: Coking coal futures buck ferrous futures downtrend

China’s ferrous futures were largely rangebound during morning trading on Wednesday February 28, with the benchmark coking coal contract being the only one that ended the session higher than its opening price.

Vale's Q4 earnings drop 12.9% amid lower iron ore prices, sales

Vale’s earnings fell by 12.92% year on year in the fourth quarter of 2017, the Brazilian miner said late on Tuesday February 27, due to lower prices and reduced shipments amid margin optimization strategies.

IRON ORE PRICES: Benchmark index stays above $79 per tonne cfr China

Iron ore prices softened slightly but stayed above $79 per tonne cfr China on Tuesday February 27 after a jump a day earlier.

Seaborne iron ore market rangebound amid abundant supply

Prices for seaborne iron ore were rangebound on Tuesday February 27 after they rose close to the $80-per-tonne level a day earlier.

Steelmaking Raw Materials Trade Log, February 27, 2018

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.